Title
Approval of option to purchase industrial property
Body
SUMMARY:
An option has been negotiated on the Swallows property for approximately 140 acres at $11,000 per acre. The option would be good for 6 months with the option to renew for an additional 90 days. This option would be signed jointly by the City and the County.
BUDGET ACCOUNT:
Recommended Action
NECESSARY COUNCIL ACTION: Authorize the Mayor to sign option on the Swallows property.